Economy in need of revitalization
The Government is focused on removing difficulties and obstacles for the capital market in 2023. It wants to remove obstacles in cash flow, support businesses, and improve competitiveness to boost the economy.
Real estate sees loss in investor confidence
The real estate market in Vietnam is probably the only market that is operating in moderation and waiting for time to change for the better.
Central bank to issue document relating to VND120,000-billion credit package
State Bank of Vietnam Deputy Governor Dao Minh Tu said that the central bank will issue a document relating to a credit package of VND 120,000 billion for social housing and worker housing at the beginning of April 2023.
Credit package to provide VND120 trillion for social housing investors, buyers
The Government has decided to implement a low-interest credit package of about VND120 trillion for social housing development.
HCMC Chairman affirms having preferential policies for foreign businesses
Chairman of Ho Chi Minh City People's Committee Phan Van Mai disclosed that the city has preferential policies to create favorable conditions for foreign enterprises in general and Dutch enterprises in particular.
Government to support real estate enterprises
The real estate market had to face many difficulties in 2022 and still faces many challenges in the coming year. The Government and ministries have taken a firm decision to support all real estate enterprises in 2023.
Experts propose solutions to generate capital for old apartment renovation
Urban experts say that there should be solutions to generate capital from many sources because renovation of old apartments can neither depend on private investors, expecting them to renovate and build new apartments nor depend on the state budget when so many old apartment buildings need to be renovated.
HCMC coordinating to build Can Gio international transshipment port: Chairman
Chairman of the People's Committee of Ho Chi Minh City Phan Van Mai informed that the southern metropolis is coordinating with investors and the Ministry of Transport to build the project ‘Can Gio international transshipment port’ as per the Politburo’s Resolution 24.
No investor of social housing projects gets loans with lower interest rates
After the support package of VND 30,000 billion (US$ 1,268,077,766) for social housing loans ended in 2016, the State Bank implemented social housing loans with preferential interest rates of 4.8 percent per year according to Decree 100 2015. However, because the budget has not been allocated to provide interest rate compensation to designated participating commercial banks which can’t lend. As a result, no investors in social housing projects can get loans with lower interest rates.
Graffiti drawn in national monument of Van Mieu - Quoc Tu Giam
For the first time, graffiti has been drawn in the exhibition at a special national monument of Van Mieu - Quoc Tu Giam (Temple of Literature Complex).
Limited-term apartment ownership not contrary to Constitution, Civil Law: MoC
Deputy Head Nguyen Manh Khoi of the Housing and Real Estate Market Management Agency (Ministry of Construction) yesterday had a talk with the press regarding the proposal on the duration of apartment ownership in the second draft of the amended Law on Housing.
Abandoned resettlement apartments -waste of government’s investment
These days, many people passing through the abandoned resettlement apartment blocks in Vinh Loc B in Ho Chi Minh City’s Binh Chanh outlying district feel it is a waste of the government’s investment resources.
Existing barriers restrain development of social housing projects
According to representatives of the Real Estate Association of Ho Chi Minh City, the current legal regulations are not synchronized, or overlapped; therefore, they have restrained the development of social housing projects.
HCMC reviews land fund for construction of worker accommodation, social housing
Chairwoman of the People's Council of Ho Chi Minh City Nguyen Thi Le suggested that the municipal People's Committee review public land funds for the construction of worker accommodation and houses for workers to rent in export processing zones, industrial parks or located near export processing zones and industrial area.
Mechanism obstacles prevent renovation of old apartments
Currently, hundreds of old and degraded apartment building blocks in Ho Chi Minh City are threatening the lives and properties of their occupants; however, mechanism obstacles have prevented the renovation of apartments in poor repair.
HCMC inspects management of apartment building
The People's Committee in Ho Chi Minh City has just announced
inspectors will pay visits to check the management of apartment buildings citywide.
HCMC speeds up, recovers robustly
The People's Committee of Ho Chi Minh City, on the afternoon of April 26, held a meeting on the socio-economic situation in April and the direction and key tasks in May 2022. Mr. Phan Van Mai, Member of the Party Central Committee, Standing Deputy Secretary of the HCMC Party Committee, Chairman of the People's Committee of HCMC, chaired the meeting.
HCMC proposed to consider speeding up investment procedures for housing projects
The Department of Construction of Ho Chi Minh City has just submitted a proposal to the municipal People's Committee asking for direction and consideration to solve problems in construction investment procedures for housing projects in 2022.
HCMC finalizes plan for school reopening: City Chairman
Chairman of Ho Chi Minh City People's Committee Phan Van Mai emphasized that city administration will work with the education sector and the health sector this week to soon finalize the plan for school reopening after Covid-19. Particularly, students in outlying districts of Cu Chi and Hoc Mon possibly go back to school earlier than their peers in other districts.
HCMC to provide better accommodations for returners to work
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai said that the city will concentrate on not only economic recovery solutions but also taking care of people in the period of the post-Covid-19 pandemic. It is expected that HCMC will provide better accommodations for the returners to work, upgrade the rental houses and build accommodations for low-income employees.